this post was submitted on 28 Apr 2024
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Economics

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All the data so far is showing inflation isn't going away, and is making things tough on the Fed (www.cnbc.com)
submitted 6 months ago by [email protected] to c/[email protected]
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Key Points

  • Commerce Department indexes that the Fed relies on heavily for inflation signals showed prices continuing to climb at a rate still considerably higher than the 2% annual goal.
  • The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer or even have to hike at some point.
  • Thus far, the economy has managed to avoid broader damage from the inflation problem, though there are some notable cracks.
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[–] [email protected] 39 points 6 months ago (1 children)

Monetary policy that worked historically did so I'm an environment where monopolies and oligopolies were broken up to prevent price gouging.

[–] [email protected] 26 points 6 months ago (1 children)

And they were taxed enough to keep them from getting "too big to fail".

[–] [email protected] 9 points 6 months ago

They also didn't have the fucking Internet and algorithmic price fixing that spreads throughout the market immediately.